Wholesale used car prices flat in January, expected to rise

Wholesale used car prices flat in January, expected to rise

Wholesale used vehicle prices were flat in January, edging down just 0.1 percent from December. But thatês slightly worse than the 0.3% increase averaged in the past five years. Analysis is from the NADA Used Car Guide.

Luxury large cars saw prices drop the most, by 3.2 percent common for January. Among mainstream vehicles, subcompact car prices were the weakest, falling 0.8% for the month.

NADA expects used car prices to rise by an average 2% to 2.5% in March, thanks to the effect of the winter snowstorms.